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Cable Update (GBPUSD)

  • #208,821
  • Mar 22, 2010 10:16am Mar 22, 2010 10:16am
http://img185.imageshack.us/img185/1043/cable.gif
  • #208,822
  • Mar 22, 2010 10:17am Mar 22, 2010 10:17am
Mervyn King talks: Starts talking in London on Monday at 15:30. King has a tendency to hurt the Pound. He might relate to inflation (and dismiss it) or to the heavy government’s budget. The governor of the BOE could sure set the tone for the whole week.

what you think????
  • #208,823
  • Mar 22, 2010 10:17am Mar 22, 2010 10:17am
Quoting bbakker
There she blows...yes... no... come on, you know you want to!

I am not convinced, not with the DP in the way. And we are right at the 150ma on M15. I am going to make a cup of pickwick.
  • #208,824
  • Mar 22, 2010 10:19am Mar 22, 2010 10:19am
I decided to exit that at about 40 points, I saw we were close to resistance and thought better to take off proffit than end up at BE...again!

Atleast that takes me back into the positives today, want to get out of the way of Kings speech in ten mins!

Good luck those still hanging in!
  • #208,825
  • Mar 22, 2010 10:19am Mar 22, 2010 10:19am
Quoting forexlion
NY opens and cable booms, exactly as per plan
Hello lion,

do you expect bigger impact by King´s speech or no problem for the bulls?
  • #208,826
  • Mar 22, 2010 10:21am Mar 22, 2010 10:21am
Quoting bbakker
There she blows...yes... no... come on, you know you want to!
One more try before King gets his wicked way, otherwise I might

1. Cash in
2. Move SL into bigger profit and hope King has some nice things to say about Sterling
  • #208,827
  • Mar 22, 2010 10:22am Mar 22, 2010 10:22am
Quoting cesararr
Mervyn King talks: Starts talking in London on Monday at 15:30. King has a tendency to hurt the Pound. He might relate to inflation (and dismiss it) or to the heavy government’s budget. The governor of the BOE could sure set the tone for the whole week.

what you think????

I agree in his last speech he said that the government needed to do more to reduce the deficit. He is probably counting on a tory majority and starting to lean that way. If he says anything along the lines of Darling having his final chance to reduce the deficit this Wednesday, she will tank.
  • #208,828
  • Mar 22, 2010 10:22am Mar 22, 2010 10:22am
Quoting dag777
Hello lion,

do you expect bigger impact by King´s speech or no problem for the bulls?
http://www.forexfactory.com/showpost...stcount=208414

we are in the 3 to 4 correction stage

look for areas to enter shorts, there won't be a huge bull move

http://img692.imageshack.us/img692/2231/10127724.jpg
  • #208,829
  • Mar 22, 2010 10:22am Mar 22, 2010 10:22am
Quoting forexlion
http://img185.imageshack.us/img185/1043/cable.gif
high probability pips..good stuff bro!
  • #208,830
  • Mar 22, 2010 10:22am Mar 22, 2010 10:22am
Quoting antic81
I decided to exit that at about 40 points, I saw we were close to resistance and thought better to take off proffit than end up at BE...again!

Atleast that takes me back into the positives today, want to get out of the way of Kings speech in ten mins!

Good luck those still hanging in!
Thanks... I'm gonna need it!
  • #208,831
  • Mar 22, 2010 10:22am Mar 22, 2010 10:22am
Quoting special0nefx
oh man were all f'd.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #208,832
  • Mar 22, 2010 10:23am Mar 22, 2010 10:23am
I'm still bearish with GU as we had a very hard time climbing up. Sentiments of majority is still bearish.
  • #208,833
  • Mar 22, 2010 10:24am Mar 22, 2010 10:24am
Quoting bbakker
Thanks... I'm gonna need it!
M15 is forming below 150sma, keep an eye on the next 7 mins.
  • #208,834
  • Mar 22, 2010 10:24am Mar 22, 2010 10:24am
Quoting pawpaw1000
no, dont, I want you all for myself here on cable chat!



Ain't that being selfish? Just the other day, we were all encouraging u to go live!
  • #208,835
  • Mar 22, 2010 10:24am Mar 22, 2010 10:24am
Quoting Pyramus
I'm still bearish with GU as we had a very hard time climbing up. Sentiments of majority is still bearish.

Long term I am at 1.44 followed by 1.35 does not mean we can't take advantage of moves up in the interim.
  • #208,836
  • Mar 22, 2010 10:25am Mar 22, 2010 10:25am
I believe that the rebound in 4940 area was very violent
is unlikely that this is a retracement
  • #208,837
  • Mar 22, 2010 10:26am Mar 22, 2010 10:26am
Quoting nAVIN2007
high probability pips..good stuff bro!
heck i got a weekly target to maintain, can't risk it

the trades have to be really good

i was on the fence till NY open, while others here filled 47 pages of god knows what on the thread
  • #208,838
  • Mar 22, 2010 10:26am Mar 22, 2010 10:26am
Quoting bbakker
Thanks... I'm gonna need it!
Staying in for the speech?

I dont have the balls for that, cable gets tossed around like a Cessna in a Towering Cumulous cloud when he speaks!
  • #208,839
  • Mar 22, 2010 10:27am Mar 22, 2010 10:27am
Quoting cloggie
Long term I am at 1.44 followed by 1.35 does not mean we can take advantage of moves up in the interim.
I doubt GU can go any further up max maybe 1.5100 today is just a retracement before the big drop.
  • #208,840
  • Mar 22, 2010 10:27am Mar 22, 2010 10:27am
Entered Long @ 1.4995. I had a confirmation after breaching trendline. [Note Green line]. 1st TP target is @ 1.5086. Patience is Key. Not gonna hold this for too long though. GL
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